When assessing all the potential risks to the economy in 2020, not a single person had a global pandemic on their list. And because the shock came from outside the economy, the ensuing recession was didn’t follow the traditional playbook.
Howard Marks wrote about this in his latest memo. He said:
Most of the time, downturns stem primarily from economic weakness, and they are repaired with economic tools. But this ep…
Howard Marks wrote about this in his latest memo. He said:
Most of the time, downturns stem primarily from economic weakness, and they are repaired with economic tools. But this ep…
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